What we are witnessing, in the broadest sense, is the bankruptcy of modern economics. Its conceit has been that we had solved the problem of stability. Oh, there would be periodic recessions, but the prospects of a major economic collapse …

The Liberal Democratic Party’s presidential election, which ended Monday with a landside victory for Taro Aso, was apparently intended as a run-up to the next general election. But a series of unexpected incidents including the resignation…

Mitsubishi UFJ said on Monday it had agreed to take a stake of between 10 and 20 per cent in Morgan Stanley, in a deal potentially worth $9bn, becoming the latest Japanese bank to benefit from the turmoil in western financial markets.MUFG …

IN THE early years of this decade, when banks did quaint things like making money, the mantra on Wall Street was: “Be more like Goldman Sachs”. Bank bosses peered enviously at the profits and risk-taking prowess of the venerable investment…

Barack Obama accused his opponents of trying to put lipstick on a pig, and some people here are saying that Japan's governing Liberal Democratic Party is trying to do much the same thing. Memo From Tokyo - Populist Appeals in Election, and…

WHAT with three Chinatowns to choose from, cabs driven by legions of Indians, Pakistanis and Bangladeshis, and nightly colonization of St. Marks Place by the Japanese, finding Asia in New York is hardly a challenge. Weekend in New York - E…